Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings, Inc. (NASDAQ: PROV) announced a quarterly cash dividend of $0.14 per share, payable on September 10, 2020. Shareholders holding common stock by the market close on August 20, 2020 are eligible for this dividend. The announcement reflects the company’s commitment to returning value to its shareholders amidst market dynamics.

Positive

• Quarterly cash dividend of $0.14 per share declared.
• Demonstrates company’s commitment to shareholder value.

Negative

• Risks and uncertainties are acknowledged in the forward-looking statements.
• Market conditions and regulatory changes may impact future performance.

RIVERSIDE, Calif., July 30, 2020 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.14 per share.  Shareholders of the Company’s common stock at the close of business on August 20, 2020 will be entitled to receive the cash dividend.  The cash dividend will be payable on September 10, 2020.    

Safe-Harbor Statement

Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2019.

Contacts:

Craig G. Blunden 
Chairman and 
Chief Executive Officer 

Donavon P. Ternes
President, Chief Operating Officer 
and Chief Financial Officer

(951) 686-6060

                   

FAQ

What is the dividend amount declared by Provident Financial Holdings for 2020?

The declared dividend amount is $0.14 per share.

When is the dividend payment date for Provident Financial Holdings?

The dividend payment date is September 10, 2020.

Who is eligible to receive the dividend from Provident Financial Holdings?

Shareholders holding common stock by the close of business on August 20, 2020, are eligible.

What risks are associated with Provident Financial Holdings’ business outlook?

The company acknowledges risks related to market conditions, interest rates, and regulatory changes.